{"id":316273,"date":"2026-10-19T12:08:55","date_gmt":"2026-10-19T06:38:55","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=316273"},"modified":"2026-10-19T12:08:55","modified_gmt":"2026-10-19T06:38:55","slug":"largecap-double-bagger-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Largecap Double Bagger Stocks to Watch for Future Multibagger Potential: Cholamandalam, PFC and Canara Bank"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Cholamandalam Rs 1,574.40. PFC Rs 333.25. Canara Bank Rs 118.29. Market caps from Rs 1.06 lakh crore to Rs 1.35 lakh crore. Data as of 16 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Cholamandalam, PFC and Canara Bank are the 3 picks in this double bagger stocks watchlist, with market caps between Rs 1.06 lakh crore and Rs 1.35 lakh crore. Cholamandalam stands out for the strongest latest-quarter profit growth at 45.56%, while PFC offers the highest return on equity at 18.22%. PE ratios run from 3.36 to 23.54, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.<\/p>\n<\/p><\/div>\n<p>Double bagger stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Cholamandalam, PFC and Canara Bank meet that test, with market caps from Rs 1.06 lakh crore to Rs 1.35 lakh crore and Cholamandalam offering the strongest latest-quarter profit growth at 45.56%. Each of these large companies has gained between 100 and 200 per cent in five years, which means the price has at least doubled.<\/p>\n<p>This list covers large companies whose share price has risen by 100 to 200 per cent over five years, with complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening double bagger stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=double-bagger-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#What_Are_Double_Bagger_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Double Bagger Stocks and Why Do They Attract Multibagger Interest?\">What Are Double Bagger Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Double_Bagger_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\" title=\"Double Bagger Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book\">Double Bagger Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Cholamandalam_2475_Profit_CAGR_Since_FY22\" title=\"Cholamandalam: 24.75% Profit CAGR Since FY22\">Cholamandalam: 24.75% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#PFC_Five-Year_Gain_of_17934\" title=\"PFC: Five-Year Gain of 179.34%\">PFC: Five-Year Gain of 179.34%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Canara_Bank_3448_Profit_CAGR_Since_FY22\" title=\"Canara Bank: 34.48% Profit CAGR Since FY22\">Canara Bank: 34.48% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Double_Bagger_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Double Bagger Stocks: Financial Comparison on Growth and Margins\">Double Bagger Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_Cholamandalam_PFC_and_Canara_Bank\" title=\"Institutional Holding in Cholamandalam, PFC and Canara Bank\">Institutional Holding in Cholamandalam, PFC and Canara Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Double_Bagger_Stocks\" title=\"Risks to Weigh in Double Bagger Stocks\">Risks to Weigh in Double Bagger Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Double_Bagger_Stocks\" title=\"How to Choose Between Double Bagger Stocks\">How to Choose Between Double Bagger Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Double_Bagger_Stocks_to_Watch\" title=\"Frequently Asked Questions on Double Bagger Stocks to Watch\">Frequently Asked Questions on Double Bagger Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Which_are_the_best_double_bagger_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best double bagger stocks to watch for multibagger potential?\">Which are the best double bagger stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Is_PFC_a_good_stock_for_long-term_investors\" title=\"Is PFC a good stock for long-term investors?\">Is PFC a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Can_Canara_Bank_become_a_multibagger_from_here\" title=\"Can Canara Bank become a multibagger from here?\">Can Canara Bank become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Cholamandalam_PFC_and_Canara_Bank\" title=\"What is the market cap of Cholamandalam, PFC and Canara Bank?\">What is the market cap of Cholamandalam, PFC and Canara Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_double_bagger_stocks\" title=\"What are the risks of investing in double bagger stocks?\">What are the risks of investing in double bagger stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#Why_is_Cholamandalam_trading_at_a_PE_of_2354\" title=\"Why is Cholamandalam trading at a PE of 23.54?\">Why is Cholamandalam trading at a PE of 23.54?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/largecap-double-bagger-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Cholamandalam_PFC_and_Canara_Bank\" title=\"How much do institutions hold in Cholamandalam, PFC and Canara Bank?\">How much do institutions hold in Cholamandalam, PFC and Canara Bank?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Double_Bagger_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Double Bagger Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Double bagger stocks are shares that have more than doubled investors&#8217; money over five years but have not yet tripled it. These gains usually come from years of rising profit, so the numbers show which businesses kept growing.<\/p>\n<p>Doubling in five years works out to roughly 15 per cent a year, a pace that beats most fixed-income choices. Companies that keep growing profit at a healthy rate are the ones investors compare in double bagger stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Double_Bagger_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\"><\/span><strong>Double Bagger Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 16 October 2026. PFC combines the lowest PE of the group, 3.36, with the highest return on equity, 18.22%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Price to Book<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/cholafin\/cholamandalam-investment-and-finance-company-ltd-share-price-today\">Cholamandalam Investment and Finance<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,574.40<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,35,393<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.54<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.68<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.18%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.42<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,299.40 to 1,952.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/pfc\/power-finance-corporation-ltd-share-price-today\">Power Finance Corporation<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">333.25<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,12,946<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.36<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.68<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.79<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">313.35 to 486.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/canbk\/canara-bank-share-price-today\">Canara Bank<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">118.29<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,06,353<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.23<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.02<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.77%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.87<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">116.51 to 162.89<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Cholamandalam_2475_Profit_CAGR_Since_FY22\"><\/span><strong>Cholamandalam: 24.75% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cholamandalam Investment and Finance, part of the Murugappa Group, offers vehicle finance, home loans and loans against property. It reported FY26 total income of Rs 31,538.73 crore, up 20.60% year on year, and net profit of Rs 5,228.88 crore, up 22.74%. Net profit has compounded at 24.75% a year since FY22, while total income has grown 32.50% a year.<\/p>\n<p>In the June 2026 quarter, total income rose 21.81% to Rs 8,956.68 crore and net profit grew 45.56% to Rs 1,656.22 crore. The share price has gained 165.09% over five years. Domestic institutions raised their holding from 16.06% in June 2025 to 20.62% in June 2026. The stock trades at a PE of 23.54 against an industry PE of 17.68, with a return on equity of 17.18%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PFC_Five-Year_Gain_of_17934\"><\/span><strong>PFC: Five-Year Gain of 179.34%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power Finance Corporation is a government-owned lender that finances power generation, transmission, distribution and renewable energy projects. It reported FY26 total income of Rs 1,15,533.18 crore, up 8.38% year on year, and net profit of Rs 33,625.34 crore, up 10.19%. Net profit has compounded at 15.69% a year since FY22, while total income has grown 10.91% a year.<\/p>\n<p>The stock trades at a PE of 3.36 against an industry PE of 17.68, below the sector average, with a return on equity of 18.22%. The dividend yield is 5.42%. Net profit for the June 2026 quarter grew 0.18% to Rs 8,997.92 crore. The share price has gained 179.34% over five years. Foreign investors raised their holding from 18.66% in June 2025 to 20.54% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Canara_Bank_3448_Profit_CAGR_Since_FY22\"><\/span><strong>Canara Bank: 34.48% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Canara Bank is a large government-owned bank with a wide branch network and a growing retail and digital business. It reported FY26 total income of Rs 1,53,083.22 crore, up 0.28% year on year, and net profit of Rs 18,951.23 crore, up 9.32%. Net profit has compounded at 34.48% a year since FY22, while total income has grown 12.89% a year.<\/p>\n<p>Net profit for the September 2026 quarter grew 6.50% to Rs 5,182.03 crore. The share price has gained 198.67% over five years. Foreign investors raised their holding from 11.90% in September 2025 to 12.27% in September 2026. The stock trades at a PE of 5.23 against an industry PE of 12.02, below the sector average, with a return on equity of 16.77%. The dividend yield is 3.58%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Double_Bagger_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Double Bagger Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these double bagger stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Total Income (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Income Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Income CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Cholamandalam<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">31,538.73<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5,228.88<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.60%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.50%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.75%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">PFC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,15,533.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">33,625.34<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.38%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.91%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.69%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Canara Bank<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,53,083.22<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,951.23<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.48%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these double bagger stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Cholamandalam_PFC_and_Canara_Bank\"><\/span><strong>Institutional Holding in Cholamandalam, PFC and Canara Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these double bagger stocks alongside the promoter. The table uses the latest reported quarter for each. Cholamandalam has the deepest institutional backing, with FII and DII together holding 45.07% as of June 2026. Domestic institutions increased their holding over the past year in Cholamandalam (from 16.06% to 20.62%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Cholamandalam<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">49.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.45%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.62%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.70%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">PFC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">55.99%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.54%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.51%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Canara Bank<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">62.93%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.27%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.38%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Double_Bagger_Stocks\"><\/span><strong>Risks to Weigh in Double Bagger Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with double bagger stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Past returns do not guarantee future gains.<\/li>\n<li>Valuations rise after strong rallies.<\/li>\n<li><strong>Valuation:<\/strong> Cholamandalam trades at a PE of 23.54 against an industry PE of 17.68, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Double_Bagger_Stocks\"><\/span><strong>How to Choose Between Double Bagger Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from double bagger stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.<\/li>\n<li>Compare each PE with the industry PE (12.02 to 17.68) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track profit growth, the return on equity and the valuation in every quarterly result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Cholamandalam, PFC and Canara Bank live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among double bagger stocks, Cholamandalam stands out for the strongest latest-quarter profit growth at 45.56%, PFC for the highest return on equity at 18.22% and Canara Bank for the fastest profit growth, 34.48% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing double bagger stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Double_Bagger_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Double Bagger Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_double_bagger_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best double bagger stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cholamandalam, PFC and Canara Bank are the 3 names this list highlights, with market caps of Rs 1,35,393 crore, Rs 1,12,946 crore and Rs 1,06,353 crore respectively. Cholamandalam is notable for the strongest latest-quarter profit growth at 45.56%. PFC stands out for the highest return on equity at 18.22%. Canara Bank offers the fastest profit growth, 34.48% a year since FY22. These are watchlist names for double bagger stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_PFC_a_good_stock_for_long-term_investors\"><\/span><strong>Is PFC a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PFC has a return on equity of 18.22%, a PE of 3.36 against an industry PE of 17.68 and a market cap of Rs 1,12,946 crore. Net profit has compounded at 15.69% a year since FY22, and FY26 revenue rose 8.38% while June 2026 quarter net profit grew 0.18%. Long-term returns in double bagger stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Canara_Bank_become_a_multibagger_from_here\"><\/span><strong>Can Canara Bank become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Canara Bank has already gained 198.67% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in double bagger stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 34.48% a year since FY22, and FY26 revenue rose 0.28%. At a PE of 5.23 against an industry PE of 12.02, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Cholamandalam_PFC_and_Canara_Bank\"><\/span><strong>What is the market cap of Cholamandalam, PFC and Canara Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 16 October 2026, Cholamandalam has a market cap of Rs 1,35,393 crore, PFC has a market cap of Rs 1,12,946 crore and Canara Bank has a market cap of Rs 1,06,353 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on double bagger stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_double_bagger_stocks\"><\/span><strong>What are the risks of investing in double bagger stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are that past gains may not repeat, valuations can rise after rallies and business cycles can change. Companies with steady earnings growth handle these better. Cholamandalam trades at a PE of 23.54 against an industry PE of 17.68, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Cholamandalam_trading_at_a_PE_of_2354\"><\/span><strong>Why is Cholamandalam trading at a PE of 23.54?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cholamandalam&#8217;s PE of 23.54 compares with an industry PE of 17.68. The market is paying a premium for a return on equity of 17.18%, profit growth of 24.75% a year since FY22 and latest-quarter profit growth of 45.56%, which also means the stock is more sensitive if growth slows. Investors in double bagger stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Cholamandalam_PFC_and_Canara_Bank\"><\/span><strong>How much do institutions hold in Cholamandalam, PFC and Canara Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 45.07% of Cholamandalam (24.45% and 20.62%), 35.05% of PFC (20.54% and 14.51%) and 24.65% of Canara Bank (12.27% and 12.38%). Rising institutional holding is a useful signal in double bagger stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best double bagger stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cholamandalam, PFC and Canara Bank are the 3 names this list highlights, with market caps of Rs 1,35,393 crore, Rs 1,12,946 crore and Rs 1,06,353 crore respectively. Cholamandalam is notable for the strongest latest-quarter profit growth at 45.56%. PFC stands out for the highest return on equity at 18.22%. Canara Bank offers the fastest profit growth, 34.48% a year since FY22. These are watchlist names for double bagger stocks, not recommendations, so match each one to your own risk profile and time horizon.\"}},{\"@type\":\"Question\",\"name\":\"Is PFC a good stock for long-term investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"PFC has a return on equity of 18.22%, a PE of 3.36 against an industry PE of 17.68 and a market cap of Rs 1,12,946 crore. Net profit has compounded at 15.69% a year since FY22, and FY26 revenue rose 8.38% while June 2026 quarter net profit grew 0.18%. Long-term returns in double bagger stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.\"}},{\"@type\":\"Question\",\"name\":\"Can Canara Bank become a multibagger from here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Canara Bank has already gained 198.67% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in double bagger stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 34.48% a year since FY22, and FY26 revenue rose 0.28%. At a PE of 5.23 against an industry PE of 12.02, valuation should be checked against that growth before investing.\"}},{\"@type\":\"Question\",\"name\":\"What is the market cap of Cholamandalam, PFC and Canara Bank?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 16 October 2026, Cholamandalam has a market cap of Rs 1,35,393 crore, PFC has a market cap of Rs 1,12,946 crore and Canara Bank has a market cap of Rs 1,06,353 crore. All of them qualify as largecaps. 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The market is paying a premium for a return on equity of 17.18%, profit growth of 24.75% a year since FY22 and latest-quarter profit growth of 45.56%, which also means the stock is more sensitive if growth slows. Investors in double bagger stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.\"}},{\"@type\":\"Question\",\"name\":\"How much do institutions hold in Cholamandalam, PFC and Canara Bank?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of the latest reported quarter, FII and DII together hold 45.07% of Cholamandalam (24.45% and 20.62%), 35.05% of PFC (20.54% and 14.51%) and 24.65% of Canara Bank (12.27% and 12.38%). Rising institutional holding is a useful signal in double bagger stocks, though it should be read with earnings trends rather than on its own.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 largecap double bagger stocks compared on market cap, PE, ROE, growth and institutional holding: Cholamandalam, PFC and Canara Bank.<\/p>\n","protected":false},"author":33,"featured_media":316272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[13275,13274],"class_list":["post-316273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-double-bagger-sector","tag-double-bagger-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["316272"],"rank_math_title":["Double Bagger Stocks 2026: Cholamandalam, PFC, Canara Bank"],"rank_math_description":["Double bagger stocks to watch for multibagger potential: Cholamandalam, PFC and Canara Bank. 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